Solvang, CA Cost of Living

Solvang cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.

Displayed above is a general overview of the Solvang, CA cost of living index. The overall cost of living index in Solvang, CA is 167, which is 21% higher than the California average and 67% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Solvang, CA are 6% lower than the California average and 3% higher than the national average.

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How would you rate the cost of living in Solvang?Excellent. Goods, services and housing are all very affordable.Good. Most goods and services are affordable.Poor. Everything is more expensive than I'd like.Awful. You'll have to take out a loan to live here.View resultsWrite a review to give others more information about this area.Is the cost of living increasing or decreasing in Solvang?Decreasing rapidly. Costs are dropping at a rapid rate.Decreasing steadily. Costs of goods and services are declining.Increasing steadily. Price are inreasing, but at a reasonable rate.Increasing rapidly. I can barely keep up with the increasing prices.View resultsWrite a review to give others more information about this area.

Did you know?

The cost of living in Solvang is 21% higher than the California average.

The cost of living in Solvang is 67% higher than the national average.

The cost of housing in Solvang is 197% higher than the national average.

Compare Solvang, CA Cost of living To Other Cities

Salary Calculator

I currently make 50,000This is how much you would need to earn in Price difference in compared to

Cost of living index

Goods & Services index

Groceries index

Health care index

Housing index

Transportation index

Utilities index

The salary calculator is meant to help you compare your salary in Solvang, CA to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Solvang, CA, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Solvang, CA salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median Income

Per Year

Per Month

Max Budget (28% DTI)

Max Budget (36% DTI)

Owners

$92,705

$7,725

$2,163

$2,781

Renters

$54,679

$4,557

$1,276

$1,641

The affordability of the housing market in Solvang, CA as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Solvang, CA homeowners, the median income is $92,705. This indicates that a monthly maximum of $2,163 should be spent by homeowners on all housing related costs. Renters have a median income of $54,679. This indicates that renters should have a maximum of $1,276 used for their rent related monthly costs.

California Sales Tax

State

General Sales Tax

With Max Surtax

California

7.25%

10.25%

California Income Tax

State

Income Tax (Low)

Income Tax (High)

California

1%

13.3%

For those who live in Solvang, CA and want to know what the true cost of living is, they ought to look at both the California income tax rate and the California sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In California, the sales tax is 7.25%, while the most you'll pay in surtax is 10.25%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in California, the income tax rate ranges between 1% to 13.3%.

Goods & Services

Item

Solvang

National avg.

Difference

Haircut

$16.23

$16.09

0.9%

Beauty Salon

$57.60

$37.33

54.3%

Toothpaste

$3.06

$2.45

25.1%

Shampoo

$1.17

$1.00

17.4%

Movie

$9.89

$10.28

3.8%

Bowling

$6.41

$4.93

30.0%

Groceries

Item

Solvang

National avg.

Difference

Ground Beef

$4.23

$3.80

11.2%

Fried Chicken

$1.31

$1.40

6.3%

Milk

$2.25

$2.01

12.0%

Potatoes

$3.68

$3.01

22.1%

Pizza

$8.48

$9.89

14.2%

Beer

$8.70

$8.90

2.2%

Health Care

Item

Solvang

National avg.

Difference

Optometrist

$77.73

$102.16

23.9%

Doctor

$121.87

$108.36

12.5%

Dentist

$94.21

$92.53

1.8%

Ibuprofen

$12.09

$9.28

30.3%

Lipitor

$424.78

$425.82

0.2%

Housing

Item

Solvang

National avg.

Difference

Home Price

$658,600.00

$184,700.00

256.6%

Avg. Mortgage Payment

$1,131.97

$1,202.44

5.9%

Apartment Rent

$1,484.00

$949.00

56.4%

Transportation

Item

Solvang

National avg.

Difference

Gasoline

$2.82

$2.24

25.5%

Tire Balancing

$46.79

$46.29

1.1%

Utilities

Item

Solvang

National avg.

Difference

All Electricity

$285.86

$165.96

72.2%

Phone

$26.82

$28.68

6.5%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.